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california on a more solid fiscal footing. >> this takes time and effort but we are on a correct glide path. and the rating agencies gun to put our -- begun to put out their commentary on how california is on a stable path. >> it will raise the sales tax and increase income taxes for people who make $250,000 a year for the next 7 years. >>> the superintendent said today parents and students across the state can breathe a sigh of relief knowing our schools will have the resources for the remainder of the year. >>> californians approved 5-11 ballot measures. the tax measure made the cut, so did prop 35, increases prison sentences and fines for human trafficking convictions. and prop 36, which revises law to impose life sentence only when new felony conviction is serious or violent and the increase on out of state businesses and new state district lines. voters defeated prop 31, and prop 32. a measure to set insurance prices based on a person's history was defeated. they also rejected a second tax measure to raise money for public education. >>> it hasn't happened in 79 years but tonight democ
expected to attend another meeting tomorrow with the california regents. the passage will reportedly prevent $900 in cuts to the uc and cal systems last year. >>> raley's employees are back at work tonight. >> persistence paid off. we'll be going back to work and everybody is happy about that. >> reporter: about 7,500 workers have been on the picket line since november 4. a union spokesperson told ktvu the deal keeps current health benefits in place. in a statement raley's said the contract provides it with a cost savings that it needs to stay competitive. >>> cisco shares are surging after hours following a better that happens expected first quarter earnings report. cisco says earnings rose 18% over the last quarter exceeding $2 billion. after hours trading has the networking company up more than 7%. >>> the san francisco based zynga has lost another senior officer. the move comes with a reorganization of zynga's top management. zynga is best known for its farmville and cityville games. >>> a man has recanted his claims of having sex with a sesame street puppeteer when the man was a
by basing it in another country. >>> the first auction of california's cap and trade pollution permits will generate less money than expected. the first sale only raised $289 million. lawmakers hoped to raise $1 billion by june. there are two more auctions planned in february and may. >>> thousands of people earned their right to extra thanksgiving calories this morning in the south bay. >> the turkey trot drew 25,000 runners. there were serious runners and the folk whose took part in the costume contest. all of the money raised go to three different charities. >> people less fortunate, always like to help. every little thing we can do. nice to help. >> participates were also encouraged to bring canned food. >>> officials say they will rebuild their port to with stand a tsunami. the japanese earthquake triggered a tsunami. they will spend $54 million to rebuild. they will extend 16 feet above the water so it won't rip off the docks. >>> just perfect weather today across the bay area. lots of sunshine. felt mild out there with temperatures back up to the mid- 60s. we will warm things up
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